10 Places To Retire and Pay Way Less In Taxes
iStock.com/Fertnig
4. Costa Rica
Leaving the U.S could greatly benefit your retirement fund. In Costa Rica, a comfortable lifestyle comes at much less than in North America, as living costs are a far cheaper. It could be as much as 50% less for the same quality of life.
A tip is to leave your money in your U.S bank account, that way you can avoid being taxed by Costa Rica. If you want to buy a home there, property tax is just 0.25% and capital gains tax simply doesn’t exist. According to CostaRica.com, ex-pats can live on just $1,500 per month – you can even hire a housekeeper for $2 per hour.
